Dividend Transfer Plan (DTP) is a facility wherein unit holders of eligible schemes (Source Schemes*) can opt to automatically invest the dividend (as reduced by the amount of applicable statutory levy) declared by the Source Scheme into other eligible schemes (Target Schemes*)

* For eligible Source and Target schemes, please refer to the next slide

Source and Target Schemes

Source Schemes		Target Schemes
HDFC Growth Fund	HDFC MF Monthly Income Plan * *	HDFC Growth Fund	HDFC Arbitrage Fund
HDFC Equity Fund	HDFC Arbitrage Fund	HDFC Equity Fund	HDFC Income Fund
HDFC Top 200 Fund	HDFC Income Fund	HDFC Top 200 Fund	HDFC High Interest Fund
HDFC Capital Builder Fund	HDFC High Interest Fund	HDFC Capital Builder Fund	HDFC Short Term Plan
HDFC Core & Satellite Fund	HDFC Short Term Plan	HDFC Core & Satellite Fund	HDFC Gilt Fund
HDFC Premier Multi-Cap Fund	HDFC Gilt Fund	HDFC Premier Multi-Cap Fund	HDFC Floating Rate Income Fund
HDFC Balanced Fund	HDFC Floating Rate Income Fund	HDFC Index Fund	HDFC Cash Management Fund - Savings Plus PLan
HDFC Prudence Fund	HDFC Liquid Fund	HDFC Balanced Fund	HDFC Gold Fund
HDFC Long Term Advantage Fund *	HDFC Cash Management Fund	HDFC Prudence Fund
HDFC TaxSaver *	HDFC Quarterly Interval Fund	HDFC MF Monthly Income Plan * *

* an open-ended equity linked savings scheme with lock in period of 3 years.
** an open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus.
The above list is subject to change from time to time. Please contact the nearest Investor Service Centre (ISC) of HDFC Mutual Fund for updated list of the Source Schemes and Target Schemes.

Product Features
Enrolment

• The request for enrolment for DTP must be submitted at least 10 days prior to the Record Date for the dividend
• In case of the condition not being met, the enrolment would be considered valid from the immediately succeeding Record Date of the dividend, provided the difference between the date of receipt of a valid application for enrolment under DTP and the next Record Date for the dividend is not less than 10 days

Options

• DTP facility is available only under the Dividend Plan / Option of the source scheme(s)
• DTP facility will not be available under the Daily Dividend Option
• Enrolment in DTP facility will automatically override any previous instructions of Dividend Payout or Reinvestment facility in the source scheme(s)

Minimum Amount

• The Minimum amount of dividend eligible for transfer under Dividend Transfer Plan is Rs.1,000/- (Rupees One Thousand Only).
• If the dividend in the source scheme is less than Rs. 1000/- the dividend will be automatically reinvested in the source scheme.
• The provision for 'Minimum Application Amount' specified in the respective Target Scheme's Offer Document will not be applicable under DTP. e.g. the minimum application amount for new investors in HDFC Equity Fund - Growth Plan is Rs.5,000/ -. However in case of DTP, an Unit Holder can avail of the facility irrespective of the amount of dividend (subject to a minimum of Rs. 1,000/-).

Load Structure (Target Scheme)

• Entry Load - Nil
• Exit Load - Nil

Please read the complete terms and conditions of Dividend Transfer Plan before enrolment.

Suggested Strategies

Cash Fund Dividend to Equity Fund	Equity Fund Dividend to Cash Fund
HDFC Cash Management Fund - Savings Plan   HDFC Equity Fund   Weekly / Monthly dividend declared by HDFC Cash Management Fund - Savings Plan   Dividend declared by HDFC Equity Fund   HDFC Equity Fund   HDFC Cash Management Fund - Savings Plan

Benefits / Advantages
Cash Fund Dividends to Equity Funds - A capital protection strategy

• Provides exposure to equity while maintaining safety of capital / principle as only income in the form of dividends being declared by the cash fund gets transferred

Equity Fund Dividends to Cash Funds - An income enhancing strategy

• Dividends declared by equity funds are transferred to higher yielding assets in comparison to bank savings accounts
• A form of profit booking as profits in the equity fund get transferred to safer avenues in the form of dividends

Risk Factors: All mutual funds and securities investments are subject to market risks and there can be no assurance that the Scheme's objectives will be achieved and the NAV of the Scheme may go up or down depending upon the factors and forces affecting the securities market. Past performance of the Sponsors and their affiliates / AMC / Mutual Fund and its Scheme(s) do not indicate the future performance of the Scheme of the Mutual Fund. There is no assurance or guarantee to Unit holders as to the rate of dividend distribution nor that dividends will be paid regularly. Investors in the Scheme are not being offered any guaranteed /assured returns. The NAV of the units issued under the Scheme may be affected, interalia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities. The NAV will inter-alia be exposed to Price / Interest Rate Risk and Credit Risk. HDFC Growth Fund (an open-ended growth scheme, the objective of the Scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity-related instruments), HDFC Equity Fund (an open-ended growth scheme, the objective of the Scheme is to achieve capital appreciation), HDFC Top 200 Fund (an open-ended growth scheme, the objective is to generate long term capital appreciation from a portfolio of equity and equity-linked instruments primarily drawn from the companies in BSE 200 index), HDFC Capital Builder Fund (an open-ended growth scheme, the objective is to achieve capital appreciation in the long term), HDFC Core & Satellite Fund (an open-ended growth scheme, the objective of the Scheme is to generate capital appreciation through equity investment in companies whose shares are quoting at prices below their true value), HDFC Premier Multi-Cap Fund (an open-ended growth scheme, the objective of the Scheme is to generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and Large Cap 'blue chip' companies), HDFC Index Fund (an open - ended index linked scheme, Nifty Plan (Face Value per Unit is Rs. 10.326), the objective of the Scheme is to generate returns that are commensurate with the performance of the Nifty, subject to tracking errors, SENSEX Plan (Face Value per Unit is Rs. 32.161) is to generate returns that are commensurate with the performance of the SENSEX, subject to tracking errors, SENSEX Plus Plan (Face Value per Unit is Rs. 32.161) is to invest 80 to 90% of the net assets of the Plan in companies whose securities are included in SENSEX and between 10% & 20% of the net assets in companies whose securities are not included in the SENSEX), HDFC Arbitrage Fund (an open - ended equity fund, the objective of the Scheme is to generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments), HDFC Prudence Fund (an open-ended balanced scheme, the objective is to provide periodic returns and capital appreciation over a long term period of time from a judicious mix of equity and debt investments with an aim to prevent/minimize any capital erosion), HDFC Balanced Fund (an open-ended balanced scheme, the objective is to generate capital appreciation along with current income from a combined portfolio of equity & equity-related and debt & money market instruments), HDFC Income Fund (an open - ended income scheme, the objective of the Scheme is to optimise returns while maintaining a balance of safety, yield and liquidity), HDFC High Interest Fund (an open - ended income scheme, the objective of the Scheme is to generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximise income while maintaining the optimum balance of yield, safety and liquidity), HDFC Short Term Plan (an open - ended income scheme, the objective of the Scheme is to generate regular income through investment in debt securities and money market instruments), HDFC Gilt Fund (an open - ended income scheme, the objective of the Scheme is to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or a State Government), HDFC MF Monthly Income Plan (an open - ended income scheme. Monthly Income is not assured and is subject to availability of distributable surplus. The objective of the Scheme is to generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity and equity related instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved), HDFC Floating Rate Income Fund (an open - ended income scheme, the objective of the Scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns and fixed rate debt securities and money market instruments), HDFC Liquid Fund (an open - ended liquid Income scheme, the objective of the Scheme is to enhance income consistent with a high level of liquidity, through a judicious portfolio mix comprising of money market and debt instruments), HDFC Cash Management Fund - Savings Plan & Call Plan (an open - ended high liquidity income scheme, the objective of the Scheme is to generate optimal returns while maintaining safety and high liquidity, Savings Plus Plan (an open - ended income scheme, the objective of the Scheme is to generate regular income through investment in debt securities and money market instruments), HDFC Long Term Advantage Fund (formerly HDFC Tax Plan 2000, an open-ended equity linked savings scheme with a lock-in period of 3 years, the objective is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments), HDFC TaxSaver (an open-ended equity linked savings scheme with a lock-in period of 3 years, the objective is to achieve long term growth of capital) and HDFC Quarterly Interval Fund (an open - ended interval income scheme, the objective of the Scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities), are only the names of the Schemes and do not in any manner indicate either the quality of the Schemes, their future prospects and returns. Please read the Scheme Information Document and Statement of Additional Information carefully before investing.

Statutory Details: HDFC Mutual Fund has been set up as a trust sponsored by Housing Development Finance Corporation Limited and Standard Life Investments Limited (liability restricted to their contribution of Rs. 1 lakh each to the corpus) with HDFC Trustee Company Limited as the Trustee (Trustee under the Indian Trusts Act, 1882) and with HDFC Asset Management Company Limited as the Investment Manager.